Hershey`s second-quarter net sales in line with last year

According to the company, reported net loss for the second quarter of 2015 was USD 99.9 m or USD 0.47 per share-diluted, compared with net income of USD 168.2 m or USD 0.75 per share-diluted for the comparable period of 2014.

“Second quarter operating results were largely in line with our revised expectations, particularly in the North America business where we continue to build on our momentum,” said John P. Bilbrey, Chairman, President and Chief Executive Officer, The Hershey Company. “Net sales increased 1.3% in the second quarter, excluding unfavourable foreign currency translation of 1.3 points. US results were slightly ahead of our expectations with year-to-date combined candy, mint and gum (CMG) market share up 0.1 points. Results were adversely impacted by international performance, primarily in China. As previously stated, macroeconomic challenges and changing consumer shopping behaviour in China were a headwind”.